13. When compiling a nonissuer\'s financial statements, an accountant is least likely to A. perform analytical procedures designed to identify relationships that appear to be unusual B. read the compiled financial statements and consider whether they appear to include adequate disclosure C. omit substantially all of the dislosures required by generally accepted accounting principles D. issue a compliation report on one or more but not all o the basic financial statements. 14. Which of the following should not be included in an acountant\'s standard report based upon the compilation of an entity\'s financial statements? A. a statement that a compilation is limited to presenting in the form of financial statements inormation that is the representation of management B. a statement that the compilation was performed in accordance with statements on standards for accounting and review services issued by the AICPA C. a statement that the accountant has not audited or reviewed the statements D. a statement that the accountant does not express an opinion but provides only limited assurance on the statements 15. Compiled financial statements of a nonissuer inteded for third-party use should be accompanied by a report stating that A. the scopoe of the accountant\'s procedures has not been restricted in testing the financial inormation that is the representation of management B. the accountant assessed the accounting principles used and significant estimates made by management C. the accountant does not express an opinion or an other form o assurance on the financial statements D. a compilation consists principally of inquiries of entity personnel ad analytical procedures applied to financial data. Solution 13. A 14. D 15. C .

1. 13. When compiling a nonissuer's financial statements, an accountant is least likely to
A. perform analytical procedures designed to identify relationships that appear to be unusual
B. read the compiled financial statements and consider whether they appear to include adequate
disclosure
C. omit substantially all of the dislosures required by generally accepted accounting principles
D. issue a compliation report on one or more but not all o the basic financial statements.
14. Which of the following should not be included in an acountant's standard report based upon
the compilation of an entity's financial statements?
A. a statement that a compilation is limited to presenting in the form of financial statements
inormation that is the representation of management
B. a statement that the compilation was performed in accordance with statements on standards
for accounting and review services issued by the AICPA
C. a statement that the accountant has not audited or reviewed the statements
D. a statement that the accountant does not express an opinion but provides only limited
assurance on the statements
15. Compiled financial statements of a nonissuer inteded for third-party use should be
accompanied by a report stating that
A. the scopoe of the accountant's procedures has not been restricted in testing the financial
inormation that is the representation of management
B. the accountant assessed the accounting principles used and significant estimates made by
management
C. the accountant does not express an opinion or an other form o assurance on the financial
statements
D. a compilation consists principally of inquiries of entity personnel ad analytical procedures
applied to financial data.

2. Solution
13. A
14. D
15. C